I would be curious to know how many schools currently situated outside of the so called P5 Conferences, would actually want to compete at this new level should it become fully realized? When you take into account that new P5 rules could include full cost of attendance for multiple sports, increased spending on health care for student athletes, and other not yet disclosed expenses, I don't think many of these schools would be all that interested.
With most AD's currently operating in the red, I don't see how a school like Tulsa or Tulane with small enrollments and smaller media deals, can compete on equal footing(expense wise) with schools making 10-15 X more in TV Dollars. IMO the most logical step is to allow all of the schools serious about competing at this new level an opportunity to form their own conference. A 6th so called Power Conference. The remainder of the schools not interested in, or unable to compete at this level can choose to compete at The FCS Level. IMO it is absurd for a MAC School like Akron to try to compete financially against a school like OSU, when they are a hell of a lot closer to YSU financially.